USD/JPY Forecast February 18, 2016, Technical Analysis

The USD/JPY pair had a slightly positive candle form during the day on Wednesday, but quite frankly it looks as if the 115 level continues to be very resistive. Because of this, looks like we are simply going to grind away to the side as we can pick up any real momentum one direction or the other at the moment. However, keep in mind that this is a very risk oriented type of Forex market, and with that being the case the stock markets around the world will have to be watched, as it should give us a direction in this pair.